Etsy is using machine learning and artificial intelligence to connect buyers to sellers on its marketplace. Cheddar's Hope King speaks with Etsy Chief Technology Office Mike Fisher from The Next Web Conference in New York City. Fisher says Etsy has learned its users utilize different devices to engage with the platform in a variety of ways. As a result, Fisher says Etsy is personalizing the experience between app and desktop web. Fisher joined the company in July, and said he was attracted to Etsy's great mission and culture. Amid a shifting strategy towards profitability, Fisher stands by the company's ability to maintain culture. Etsy's new mission statement is "keep commerce human." Fisher says this speaks to Etsy's technology capability to sift through the marketplace with machine learning, while also creating a personal buyer to seller experience.

Share:
More In Business
Is U.S. Restaurants’ Breakfast Boom Contributing to High Egg Prices?
It’s a chicken-and-egg problem: Restaurants are struggling with record-high U.S. egg prices, but their omelets, scrambles and huevos rancheros may be part of the problem. Breakfast is booming at U.S. eateries. First Watch, a restaurant chain that serves breakfast, brunch and lunch, nearly quadrupled its locations over the past decade to 570. Fast-food chains like Starbucks and Wendy's added more egg-filled breakfast items. In normal times, egg producers could meet the demand. But a bird flu outbreak that has forced them to slaughter their flocks is making supplies scarcer and pushing up prices. Some restaurants like Waffle House have added a surcharge to offset their costs.
Trump Administration Shutters Consumer Protection Agency
The Trump administration has ordered the Consumer Financial Protection Bureau to stop nearly all its work, effectively shutting down the agency that was created to protect consumers after the 2008 financial crisis and subprime mortgage-lending scandal. Russell Vought is the newly installed director of the Office of Management and Budget. Vought directed the CFPB in a Saturday night email to stop work on proposed rules, to suspend the effective dates on any rules that were finalized but not yet effective, and to stop investigative work and not begin any new investigations. The agency has been a target of conservatives since President Barack Obama created it following the 2007-2008 financial crisis.
Load More